1. Unveiling New Insights to Spur the Beauty and Fashion Industry in India. Amongst the surveyed shoppers who discover beauty and fashion brands on social media, 92% of beauty shoppers and 97% of fashion shoppers said they find them on Meta platforms. – Read More on Meta
2. Richemont digital strategy goes back to square one. Loss-making Farfetch looks ill-equipped to complete the transaction with Richemont. Shares in the loss-making company are down more than 70% since it agreed to acquire a majority stake in YNAP. – Read More on Reuters
3. RELATED READ: Richemont and Farfetch: Breaking Down the YNAP Deal. With two of the biggest names in the luxury e-commerce space seemingly on track for an ultimate merger, it is tempting to wonder whether the space will operate as a monopoly. – Read More on TFL
4. Cristiano Ronaldo faces $1bn lawsuit over Binance ads. Cristiano Ronaldo is facing a class action lawsuit in the US over his promotion of Binance, the largest cryptocurrency exchange in the world. The plaintiffs claim his endorsement led them to make loss-making investments. – Read More on BBC
5. Famous authors’ lawsuit against ChatGPT developer gets underway. A federal judge in New York on Wednesday will hold the first hearing in a closely watched case about copyright concerns raised by artificial intelligence. – Read More on ABC News
6. Meet the Lawyer Leading the Human Resistance Against AI. Matthew Butterick is leading a wave of lawsuits against major AI firms, from OpenAI to Meta. Win or lose, his work will shape the future of human creativity. – Read More on Wired